Eclipse Resources Corp. (NYSE:ECR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Eclipse Resources Corporation is an independent exploration and production company. It is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Eclipse Resources Corporation is headquartered in State College, Pennsylvania. “

ECR has been the subject of several other reports. GMP Securities initiated coverage on shares of Eclipse Resources Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $7.00 price target for the company. Piper Jaffray Cos. raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a report on Tuesday, August 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.00 target price on shares of Eclipse Resources Corp. in a report on Tuesday, July 5th. Barclays PLC increased their target price on shares of Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Thursday, July 14th. Finally, Simmons raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating and increased their target price for the company from $3.00 to $4.00 in a report on Tuesday, August 9th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Eclipse Resources Corp. has an average rating of “Hold” and a consensus target price of $3.29.

Analyst Recommendations for Eclipse Resources Corp. (NYSE:ECR)

Eclipse Resources Corp. (NYSE:ECR) traded down 3.12% during mid-day trading on Tuesday, hitting $3.42. 564,905 shares of the stock traded hands. The company’s market cap is $891.22 million. Eclipse Resources Corp. has a 12 month low of $0.65 and a 12 month high of $4.42. The stock’s 50 day moving average is $3.39 and its 200-day moving average is $2.94.

Eclipse Resources Corp. (NYSE:ECR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.25. The firm had revenue of $47.10 million for the quarter, compared to analysts’ expectations of $51.49 million. Eclipse Resources Corp. had a negative return on equity of 32.33% and a negative net margin of 431.72%. The company’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) earnings per share. On average, equities research analysts anticipate that Eclipse Resources Corp. will post ($0.26) EPS for the current year.

In related news, insider Benjamin Ward Hulburt sold 58,979 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total transaction of $211,734.61. Following the sale, the insider now owns 834,772 shares in the company, valued at $2,996,831.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY bought a new position in shares of Eclipse Resources Corp. during the second quarter worth $141,000. Renaissance Technologies LLC bought a new position in shares of Eclipse Resources Corp. during the first quarter worth $156,000. Monashee Investment Management LLC bought a new position in shares of Eclipse Resources Corp. during the second quarter worth $167,000. Geduld E E bought a new position in shares of Eclipse Resources Corp. during the second quarter worth $167,000. Finally, KCG Holdings Inc. bought a new position in shares of Eclipse Resources Corp. during the second quarter worth $170,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.

Eclipse Resources Corp. Company Profile

Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.

5 Day Chart for NYSE:ECR

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